Warning of a global crisis, Germany’s Angela Merkel pledges ‘every effort’ to avert a U.S. trade war
(Worthy News) – German Chancellor Angela Merkel said Wednesday that the European Union will make every effort to avoid a trade war with the United States, and underlined her country’s commitment to raise defense spending gradually — another point of contention with Washington.
But the U.S. needs to join in that effort, Ms. Merkel said.
President Donald Trump’s administration has imposed tariffs on EU steel and aluminum imports and is mulling whether to add tariffs on cars, trucks and auto parts, something that could be painful for Germany with its major auto industry. Indeed, the chancellor said tariffs on European cars that risk hitting Germany the hardest would be “much more serious” than levies on steel and aluminum. [ Source: AP (Read More…) ]
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